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PyroGenesis Canada Signs $15 Million Letter of Intent to Supply Metal Powder Production Systems to 3D Printing Market - Video News Alert on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2014) - PyroGenesis Canada (TSX: PYR) ...
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[{"type":"text","content":"PyroGenesis Canada Signs $15 Million Letter of Intent to Supply Metal Powder Production Systems to 3D Printing Market - Video News Alert on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - April 1, 2014) - PyroGenesis Canada (TSX: PYR) has signed a Letter of Intent in the amount of $15 million to supply multiple plasma-based, powder production systems for 3D printing, to an international large-scale manufacturer. The \ncompany`s North American units are already supplying powders to 3D printing companies \n\nInvestmentPitch.com has produced a “video news alert” about PyroGenesis Canada. If this link is not enabled, please visit www.InvestmentPitch.com and enter “PyroGenesis” in the search box. \n\n \n\n     If you cannot view the video above, please visit: \nhttp://www.investmentpitch.com/video/0_qenib55f/PyroGenesis-Canada-TSXV-PYR-Signs-15-Million-Letter-of-Intent-to-Supply-Metal-Powder-Production-Systems-to-3D-Printing-Market \n\n3D printing is being touted as the technology to bring about the next industrial revolution and the in-sourcing of manufacturing jobs back to the West. \n\nThe Freedonia Group forecast the world demand for 3D printers and related materials will grow by 21% annually reaching US$5 billion in 2017, with the U.S. remaining the world’s largest market for 3D printing, accounting for 42% of global \nsales in 2017.\n\nAlthough plastics will continue to account for the majority of materials demand, Freedonia forecasts faster growth for metals due to their greater strength and resistance as well as rapid gains in markets such as aerospace. A recent study by \nIDtechEX ,“3D Printing Materials 2014-2025” forecasts the 3D printing materials market will be worth in excess of $600 million by 2025. The study states that although photopolymers, currently at 56.3% of the market, will \nretain the largest single segment of the market, the highest growth will be seen in the market for metal powders, which currently accounts for 1.4% of the market, or approximately 30 tons per year. \n\nP. Peter Pascali, President and CEO stated, \"One of the limiting factors in the full commercialization of 3D printing for metal products is the availability of high-quality, high-purity metal powder. Our platform is a proven product with \ncompleted...